FxWirePro:GBP/JPY faces strong resistance at 139.50, good to buy at dips
Minor intraday resistance – 138.40 (trend line joining 139.51 and 138.50) Major intraday support – 137.70 (200 15 min MA) The pair has broken minor intraday resistance 138.40 and jumped till 138.81 at the time of writing…
Minor intraday resistance – 138.40 (trend line joining 139.51 and 138.50)
Major intraday support – 137.70 (200 15 min MA)
The pair has broken minor intraday resistance 138.40 and jumped till 138.81 at the time of writing. It is currently trading around 138.77.
Any break above 138.40 will take the pair to next level till 139.50. A break above 139.50 confirms minor trend reversal, a jump till 140.40/141.50 is possible.
On the lower side, any break below 137.70 will drag the pair down till 136.80//136.40.
It is good to buy at dips 138.60-138.70 with SL around 137.70 for the TP of 141.45
